Hilton Worldwide Holdings Inc. (HLT) Scheduled to Post Earnings on Thursday
Hilton Worldwide Holdings Inc. (NYSE:HLT) will be posting its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect Hilton Worldwide Holdings to post earnings of $0.50 per share for the quarter. Hilton Worldwide Holdings has set its FY17 guidance at $1.78-1.85 EPS.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. Hilton Worldwide Holdings’s revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. On average, analysts expect Hilton Worldwide Holdings to post $1.84 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 70.42 on Tuesday. Hilton Worldwide Holdings Inc. has a one year low of $45.32 and a one year high of $71.54. The stock has a market capitalization of $22.83 billion, a price-to-earnings ratio of 586.83 and a beta of 1.30. The company has a 50-day moving average of $68.39 and a 200 day moving average of $63.99.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, August 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
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A number of equities research analysts have weighed in on HLT shares. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, July 11th. TheStreet lowered Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research report on Friday, June 30th. BidaskClub upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Telsey Advisory Group lifted their target price on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. Finally, Berenberg Bank upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and boosted their price objective for the company from $47.00 to $65.00 in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $71.06.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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